Bitcoin ‘Will Be Worth ₦390 Mln ($1 Mln) In 10 Years’: Swiss-Based Bitcoin Wallet Xapo, CEO

Swiss-Based Bitcoin Wallet Xapo CEO Wences Casares has made one of the most bullish Bitcoin price predictions yet at the Consensus 2017 conference in New York.

In comments at the big event, Casares forecast one Bitcoin being worth an enormous ₦390 Mln ($1 mln) in 10 years'time, taking attendees by surprise.

Whoa. PayPal guy & @xapo @wences : only buy the #bitcoin you can afford... and predicts it will hit $1 million in 5-10 yrs #consensus2017

— SusanPoole (@BitCoinSusan) May 23, 2017

Bitcoin price predictions have now been increasingly daring lately as Bitcoin breaks through one barrier after another - ₦468K ($1,200), ₦624K ($1,600), ₦702K ($1,800) and of late ₦780K ($2,000).

In April, Blockchain CEO Peter Smith joined Snapchat investor Jeremy Liew in saying ₦195 Mln ($500K) is the cost per coin by 2030. During the time, Bitcoin cost around ₦456K ($1,170) - around half its current price.

"We believe Bitcoin awareness, high liquidity, easy transport and continued market outperformance as geopolitical risks mount is likely to make Bitcoin a solid contender for investment at a customer and investor level," the pair told Business Insider.

In the intervening month, market outperformance has been the topic on the lips of many.

•Bitcoin 75,300% gain since 2011

•Ethereum 7,328% gain since January 27th, 2016

•American Financial Indexes, Trumped

— Toni Lane (tlc) (@tonilanec) May 23, 2017

The media can be awash with Bitcoin admiration, CNBC calling it the “new gold” and running dedicated features on the virtual currency highlighting investment gains.



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